The formula for the return on assets is a. $\frac{\text{Net Income + Interest Expense × 1- tax rate}}{\text{ Average Total Assets }}$

b. $\frac{\text { Operating income × 1-tax rate }}{\text { Average Total Assets }}$

c. $\frac{\text { Net Income + Interest Expense × 1 - tax rate }}{\text { Long-term Assets }}$

d. $\frac{\text {Operating income × 1-tax rate }}{\text { Long-term Assets }}$

Question

The formula for the return on assets is a. $\frac{\text{Net Income + Interest Expense × 1- tax rate}}{\text{ Average Total Assets }}$

b. $\frac{\text { Operating income × 1-tax rate }}{\text { Average Total Assets }}$

c. $\frac{\text { Net Income + Interest Expense × 1 - tax rate }}{\text { Long-term Assets }}$

d. $\frac{\text {Operating income × 1-tax rate }}{\text { Long-term Assets }}$

Quizplus · Accepted Answer

The Answer of The formula for the return on assets is a. $\frac{\text{Net Income + Interest Expense × 1- tax rate}}{\text{ Average Total Assets }}$

b. $\frac{\text { Operating income × 1-tax rate }}{\text { Average Total Assets }}$

c. $\frac{\text { Net Income + Interest Expense × 1 - tax rate }}{\text { Long-term Assets }}$

d. $\frac{\text {Operating income × 1-tax rate }}{\text { Long-term Assets }}$

The Formula for the Return on Assets Is A Net Income + Interest Expense × 1- tax rate Average Total Assets \frac{\text{Net Income + Interest Expense × 1- tax rate}}{\text{ Average Total Assets }} Average Total Assets Net Income + Interest Expense × 1- tax rate​